Mott v. Fireman's Insurance

Opinion by

Ervin, J.,

On June 26, 1954 the defendant, Firemen’s Insurance Company of Newark, New Jersey, hereinafter called “company,” issued a policy of insurance to one Emerson Mott insuring a certain 1947 Mercury four-door sedan bearing Serial No. 799A1632540, hereinafter called car “A”, against, inter alia, theft, to the extent of its actual cash value, for one year. The policy designated Emerson Mott as the named insured. It contained the following clause: “Loss Payee: Any loss under coverages D, E, F, G, H and I is payable as interest may appear to the Named Insured and Lawrence Ward,…